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8 August 2024 | 4 replies
I believe America is in the midst of an affordability crisis and giving prospective homebuyers more options could be both ethically rewarding and profitable.
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7 August 2024 | 23 replies
The reason is to keep me from screening out low commission options.
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6 August 2024 | 6 replies
Typically for future this is done in advance.
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7 August 2024 | 8 replies
However, the remaining gain not covered by the Section 121 exclusion is taxed at your ordinary income tax rate.Here's how the calculation typically works:Calculate the Depreciation Recapture: The $9,000 of depreciation would be recaptured at a maximum rate of 25%, which is $2,250 (25% of $9,000).Calculate the Remaining Gain: Subtract the excluded amount (Section 121 exclusion) from the total gain: $100,000 (Total Gain) - $9,000 (Depreciation Recapture) - $250,000 (Section 121 Exclusion) = $0Tax the Remaining Gain at Ordinary Income Rate: Since the remaining gain is $0, there would be no additional tax on the gain.So, based on this calculation, it seems like there should not be any additional tax owed after taking into account the Section 121 exclusion and the depreciation recapture at a maximum rate of 25%.It's essential to review your calculations and ensure that you are accurately applying the exclusion and depreciation recapture.
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5 August 2024 | 16 replies
As a widower with 5 grown kids, building a legacy and providing affordable housing options are top priorities.
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7 August 2024 | 0 replies
All options welcomed?
8 August 2024 | 10 replies
You should always check the numbers yourself before you sign to move forward with a property, but having someone to feed you different options lets you focus more on the work being done.
7 August 2024 | 0 replies
In escrow, 2 extensions done and expiring soon and my loan just getting it done but its not coming together now the total isnt quite enough. lf l walk l lose deposit $7500. l dont want to walk.What are my options?
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7 August 2024 | 15 replies
Given these factors, I am considering a few options:1.
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6 August 2024 | 1 reply
Typically with niches I have gone into, there are better ways to prospect but there isn't much information out there on this niche.